Ryanair CEO Michael O'Leary has failed to make a bid for bankfrupt German airline Air Berlin. O'Leary has accused Air Berlin of conspiring with Lufthansa to create a monopoly.
Austrian airline Niki has filed for bankruptcy protection after German carrier Lufthansa withdrew its takeover bid for the former Air Berlin subsidiary. Now passengers are stranded across Europe.
Airlines are going out of business but the current consolidation in European aviation is "long overdue" say experts. More change is coming, but, overall, things look good for consumers as competition stays fierce.
Germany's flagship carrier has reportedly addressed EU competition concerns over its planned takeover of insolvent rival Air Berlin, offering to give up a substantial number of airport starting and landing slots.
After nearly four decades of plying the skies, Germany's once second-largest airline has stopped operating, with many employees fearing to be left without work amid attempts to sell the remaining assets.
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